Attract and Retain Top Talent
Offering employee health insurance as a benefit demonstrates your company’s commitment to employee well-being. This can help attract top talent and increase employee retention.
Group Health Insurancefor your employees
Discover the comprehensive advantages of group health insurance and make an empowered decision for your team’s well-being.
What is Group Health Insurance?
Group health insurance is a policy that provides health benefits to a specific group. Groups such as employees of a company or members of an organization. This coverage lets employers or groups provide healthcare at a more affordable rate. This is possible because the risk is shared among a larger group, which leads to lower costs for premiums.
Different kinds of groups can benefit from this insurance, including company employees, community members, or participants in a non-profit organization.
Think about a small business owner with a team of 20 employees. They may opt for a group cover to provide insurance to their staff. By doing so, the employees gain access to medical benefits like hospitalization, doctor consultations, and prescription medications at reduced costs. The employer benefits by offering a valuable perk, which can help attract and retain talent while improving the overall well-being and productivity of their team.
Why Group Health Insurance?
Group insurance offers numerous advantages for both employees and employers. It provides equal access to quality healthcare and helps protect against rising medical expenses. GHI also provides a safeguard to group members against financial losses due to hospitalisation.
For Employers
Value for Money and Tax Benefits
Group insurance policies often come with lower premiums and tax incentives for businesses, making it a cost-effective investment.
Boost Focus and Job Satisfaction
Providing a comprehensive benefits package, including health insurance, can improve employee job satisfaction, morale, and productivity.
For Employees
Smooth and Easy Claims Process
Group insurance plans often include wellness programs that cover routine medical exams, health education, consultations with doctors, as well as special savings on medications, gym memberships, and other added advantages.
Family Coverage at No Additional Cost
Many group health plans allow employees to add family members at no extra cost, fostering goodwill and increasing employee satisfaction.
Preventive Healthcare
Group insurance plans often include wellness programs that may cover routine health checkups, consultations with doctors, and special savings on medications, gym memberships, and other added advantages.
Who should buy Group Health Insurance?
Early Stage Startups
Group Health Insurance (GHI) is a great option for early-stage startups, even for teams as small as two members. Offering GHI to employees helps attract top talent from the start and shows a commitment to their well-being.
Small and Medium-Sized Enterprises (SMEs)
For rapidly growing Small and Medium Enterprises, managing insurance administration can be a daunting task. With Group Health Insurance, businesses can simplify this process while still prioritizing their employees’ health.
Large Organizations
Large organizations must compare their existing insurance policy with industry standards to offer improved benefits at a more affordable cost. Expert assistance can help guide decision-makers through a personalized insurance renewal journey.
Did you know?
The COVID-19 pandemic has significantly highlighted the importance of health, prompting the Indian government to take action. As of April 2020, it became mandatory for all commercial and industrial offices, workplaces, and establishments to provide group health insurance to their employees.
Features of Group Health Insurance
Best-in-class affordable health insurance plans for your employees
Customisation
Customise plans according to your team’s needs. Change the sum insured, coverage and other fine details like maternity coverage and PED coverage of the policy.
Flexible Coverage for Family Members
Depending on the selected plan, employees have the option to include their spouse, children, parents, and parents-in-law in their insurance plan.
No Medical Checkup Required
No medical screening is required under the group health plan.
Waived Waiting Periods
Group health insurance plans typically eliminate waiting periods for pre-existing conditions, critical illnesses, maternity needs, cataract treatments, and more.
Pre Existing Diseases
With group health insurance, employers can decide on covering pre-existing diseases.
Cashless Process
Employees can enjoy a cashless process for receiving treatment at any network hospital, reducing their financial burden.
Pre and Post-Hospitalization Coverage
Group medical plans often cover expenses incurred before hospitalization and after discharge.
Added Health Benefits
Many group health policies include outpatient consultations, routine health check-ups, and other preventive benefits.
How is group medical insurance different from individual health cover?
Group Health Insurance
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Lower premiums
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Cover pre-existing diseases
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No waiting period
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Maternity benefits
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No medical checkups
Individual Health Insurance
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Higher premiums
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Pre-existing diseases may not be covered
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Waiting periods apply
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Medical underwriting may apply
Choosing the Right Group Health Insurance Plan for Your Employees
Quick and Easy Access
Prioritize accessibility and convenience, including easy access to healthcare providers, digital resources, and doctor consultations.
Affordable Premiums with Comprehensive Benefits
Compare the costs and benefits of various plans. Avoid simply selecting the cheapest option; look for a balance of affordability and essential benefits.
Round-the-Clock Support
Choose a plan that offers 24/7 support for consultations and claims assistance.
Effective Communication
Select a provider that offers clear, transparent, and timely updates throughout the process.
Customization and Flexibility
Opt for cover that can be customized around coverage, add-ons, and family inclusion.
Reputation and Financial Stability
Research the insurer’s reputation, customer reviews, and financial stability before finalizing a policy.
Group Health Insurance Plans for your employees
With Healthysure, you get to customize your corporate plan according to your needs. You have complete control over the sum insured and can personalize details such as maternity coverage, room rent capping, and family members. The plan also depends on the demographics of the group. Whether you are renewing your policy or buying it for the first time also affects the premium. Our team understands your requirements and gets you the best quotes from insurers.
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No medical checkups required
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100% paperless process
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No waiting period
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Pre-existing disease cover
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Maternity benefits
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Doctor tele-consultations
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Optional health and wellness add-ons
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Customisable family coverage
Flexi Top-up Insurance
Our industry first product, Flexi-Topup Insurance is a ₹30 Lakh top-up with lifetime renewability with post-employement continuity options. Give your employees the flexiblity to voluntarily upgrade and add family members. Plans start at ₹883/year.
Driven by our customers’ needs
Employee Reviews
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Impressed with Healthysure's quick services and Mr. Azhar Shaik's assistance for my maternity mediclaim reimbursement.
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Healthysure ensured a smooth claim settlement for my newborn. Azhar and his team were patient and supportive in answering all our questions.
★★★★★
Had an excellent experience with claim manager Akash Giri and his team for my reimbursement claim. They were very cooperative and helpful throughout the process.
FAQs
Is it mandatory to buy group health insurance for your employees in India?+
Yes, as per an April 1, 2020 circular issued by the Insurance Regulatory and Development Authority of India (IRDAI), it is mandatory for employees to provide health insurance to their employees.
How many minimum employees are required to buy group health insurance?+
With Healthysure, you can get health insurance coverage for as low as 2 members.
What are the benefits of group medical insurance for employees?+
The benefits include comprehensive coverage, lower premiums, no waiting periods, cashless treatment, inclusive family coverage, improved employee retention and satisfaction, and improved productivity.
What is the benefit of group medical insurance for employer?+
Group medical insurance offers numerous benefits for employers, including increased employee satisfaction, tax advantages, and enhanced productivity. Providing health coverage fosters a supportive work environment, helping attract and retain top talent.
How does group health insurance policy work?+
Group health insurance policies provide healthcare coverage to a group of individuals, usually employees of a company. The employer selects a policy from an insurance provider, which then offers coverage to eligible employees and, in some cases, their dependents.
How much does group health insurance cost?+
Group health insurance policy costs depend on factors such as the number of employees, sum insured, and selected benefits. Reach out to the Healthysure team for personalized quotes.
Can small businesses take employee medical insurance?+
Yes. With a minimum group size of just two, Healthysure enables even the smallest businesses to provide their employees with comprehensive health coverage.
Are health check-ups included in group mediclaim policy?+
While health check-ups are not mandatory to purchase group health insurance, Healthysure offers the option to include them in your plan as add-ons.
What is waiting period in group health insurance?+
A waiting period is the time an employee must wait before coverage begins. Group Health Insurance can provide a zero waiting period, meaning employees enjoy immediate coverage upon enrollment.
Are pre-existing diseases covered in group health insurance?+
Yes, you have an option to cover pre-existing diseases with group insurance.
